Expat Guide To Moving Abroad

Model house and keys abroad

Moving abroad is a massively exciting step, whether you’re headed for distant shores to enjoy a well-earned retirement or embarking on new career. This Expat Guide to moving abroad will be your helping hand to make life a lot easier. However, one element is a little less so: the practicalities of packing and shipping a … Read more

Expat Guide to Living in Spain

Barcelona Spain from above the city

Spain is the most popular European destination for British expats by a long way with around 761,000 living there, and that number doesn’t show any signs of slowing despite Brexit. As well as established expat networks, and the promise of summer sunshine, there are lots of great reasons to consider Spain as your home abroad: … Read more

How Much Money Will You Spend In Retirement?

Piggy bank with jars and coins in years

The dilemma for many people approaching retirement is how much money they need to live on. Research shows that most of us overthink what we need for retirement, believing they will spend at least as much as they are paid in wages. The rule of thumb is making plans for pensions and savings to cover … Read more

GAD Rates Explained

GAD Rates

The GAD rate is the way of calculating how much income to take from a capped drawdown pension pot when the money was invested in income generating funds. Capped Drawdown was scrapped when pension freedom rules came into force from April 6, 2015. Although Capped Drawdown is closed to retirement savers, anyone working under the … Read more

Non Resident Landlord Scheme, NRLS

Non Resident Landlord Scheme

You don’t have to be a full time expat to fall under the tax rules of non resident landlord scheme. Although most people would take non-resident as a landlord living permanently outside the UK, the scheme follows a different logic. Strict rules decide how any income tax on property rental profits is paid, so getting … Read more

Categories Tax

Internal Revenue Service, IRS

Internal Revenue Service, IRS, logo on an American flag

IRS stands for Internal Revenue Service and is often known as the agency that collects taxes. But what else do they do? How did they start and what is their role in the taxes you pay. Check out this in-depth guide on the Internal Revenue Service and how they work.  History The IRS dates back to … Read more

Categories Tax

What is FATCA?

FATCA on a USA flag

The Foreign Account Tax Compliance Act or FATCA is essential reading for US expats. The rules are aimed at stamping out tax evasion by American taxpayers who hide money or other assets in unreported offshore accounts. The US Internal Revenue Service (IRS) lists offshore avoidance as one of the ‘dirty dozen’ ways taxpayers try to … Read more

Categories Tax

Shareholder Perks – A Bonus For Investing

Discounts notice

If you watch how you spend your money and try hard to save, there ‘s one trick you may be missing – shareholder perks. Investors do not have to plough wads of money into a company to qualify for extra discounts and exclusive deals. In fact, they may be a lot cheaper than you think. … Read more

Share Tipster’s Ad Claims Were Misleading

watch dog

A UK consumer watchdog is warning investors to watch out for companies making misleading claims about share tip services online. The warning follows an investigation into a firm trading as Stockmarket Insider. The Advertising Standards Authority (ASA) picked up three complaints from rival investment web site and magazine The Motley Fool. The complaints alleged three … Read more

Pension Revamp Is A Tax Tonic For Doctors

doctors

The government is writing a prescription to cure the pension ills of doctors facing tax problems. High-earning doctors have retired or cut their availability to the National Health Service because their pension growth was outperforming the lifetime allowance (LTA). The LTA is set at £1.055 million – but any pension pot exceeding the allowance faces … Read more